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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Always ensure a solid paper trail, including the original debt agreement, communication logs, payment history, and other documents. This helps you stay organized and is key if legal issues arise. Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues.

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

Always ensure a solid paper trail, including the original debt agreement , communication logs, payment history, and other documents. This helps you stay organized and is key if legal issues arise. Make sure to respond promptly with the proper documentation to build trust and avoid any legal issues.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legally collectible debts.

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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CFPB Annual Report on FDCPA Activities (2024)

Burt and Associates

Recent enforcement actions have targeted collection agencies that misrepresented attorney involvement, attempted to collect on debts without adequate documentation, or pursued no longer legally collectible debts.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

Taurus Collect

Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. That’s where the Fair Debt Collections Practices Act comes in to protect you.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

These laws and regulations may vary depending on the country or jurisdiction in which the debt collection agency operates. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).